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Love you! XOXOXO.
Martello (and patience) has been good to me John. Sold half this afternoon. Playing with the house's money now.
Keep that shirt on!
Sorry Dawood. We're in the same boat. I still think this works out though.
That's the plan I'm sticking too. I added my Acreage bonus to Rivers. Will likely reduce 1/3 of my Acreage when the time is right to diversify again.
He must be wearing the shirt again today. :)
Got mine today. But I'm with Questrade in Canada.
The "don't hate the player hate the game" expression fits this situation perfectly!
Good idea!
Hey hey John! Welcome. I have a little less than that in it leftover from the ipo days.
Haha. Me neither! Initiation sucks!
Good point. It's kind of like from here on out it is a new chapter. A lot of what we learned was from following his interviews and vision. It's like we're the new kids in town again. Graduating from grade 8 into high school.
Weird eh? I've been eating around sound all day too.
Work email is already bouncing back. I tried to email a simple "Thanks" as well!
His shirt alone was enough to send Martello shares up 23%. Another great interview. I didn't like him at first but grew to greatly respect the man. Gotta love Bruce!
https://www.bnnbloomberg.ca/a-sad-day-for-bruce-linton-finds-his-zen-after-canopy-dismissal-1.1282224
Go figure?
Thanks Sailor and others. The way I look at it is we basically own Constellation now and are under their leadership. I invested in Bruce's vision and he has done so much for me and this industry - thanks Bruce! The question I have to asj myself now is how much do I believe in STZ and their plan? I already own lots of Constellation shares and am in Acreage VERY VERY heavily. I will need to reduce that position somewhat over the next little while but I don't think I will be selling anything today. Keeping all my Rivers too.
https://www.cnbc.com/2019/07/03/canopy-growth-co-ceo-to-step-down.html?__source=sharebar|twitter&par=sharebar
Longs... What's your plan today. All my shares are in Acreage but this will still have an effect. My initial thought is do nothing at least for now.
Hopefully. We've been waiting patiently.
Maybe he is buying Acreage shares to take advantage of the arbitrage?
Thanks D! I'm just telling the truth. Happy Canada Day tomorrow American cousin!
Agree Happy. Not only that but the quality (and obviously the consistency) of the legal product is simply better. Although I'm fairly new to the game I have lots of friends who you could call connoisseurs who were adamant that they would never buy "government" weed. Those same friends are now constantly hitting me up for Houseplant, DNA Genetics, Penelope, and Bakerstreet. Even the OGs are willing to pay a penny more for a better high and a consistent product. Just wait until December when the good stuff starts hitting the Canadian shelves.
Thanks for sharing.
Thanks for posting just_fun. That's how I'm seeing it. Please post more when you can.
I hope so. I was already in very very heavy but sold what I could to add more Acreage today. That's my impression too.
Thanks Stoner. We might be referring to different things. I'm looking at the arbitrage gap. Assuming the deal goes through officially once the "triggering" event takes place, in a perfect market Acreage is still trading 30% below what it should be compared to Canopy.
In other words, Acreage stock price should be worth 0.58 of Canopy's.
Right. But there is still a 30+% arbitrage gap that can be taken advantage of at today's prices.
Hey Stoner. You mind showing your math (just like grade school ;))? I still have a major gap when I do the math.
What's going on. Can't figure out why this would be going down right now?
I bought some of this yesterday. Haven't tried yet.
2.68 USD per share.
The gap is finally closing. Albeit Canopy has been dropping and Acreage rising. I am still hopeful they will both go up at the same time... that would be even better :)
Exactly!!!
I like this part:
"Through the Company's investments in capacity and automation across many of our processes, we approximately doubled our harvest size from Q3 fiscal 2019 to Q4 fiscal 2019, and expect to do so again from Q4 fiscal 2019 to Q1 fiscal 2020..."
I really have no expectations for their earnings. Would be happy with a more or less on par report but really hopeful for a mic drop.
I'm lucky/blessed/fortunate that thanks to investing in Tweed in the early days that that amount is only about a third of my investments. The other 2/3 are in so-called safer dividend stocks. All-in was when I had all my family's savings (60 G) in Tweed before cannabis was even legal. That worked out alright. ;)
Apologies if already posted: Canopy’s Bruce Linton is your friendly Canadian weed CEO. His $15 billion company is ready whenever America is.
https://www.bloomberg.com/features/2019-canopy-cannabis-bruce-linton-canada-weed/
My thinking is actually quite simple...
When a recession happens (and it will eventually) everything will be worth less. When it happens it won't matter if you own cash, mutual funds, dividend stocks, or growth stocks because they will all be worth less. The long termers will use that opportunity to add... that is when real wealth is made.
I started investing heavily between 2008-2010 when almost every single talking head was warning that the market was ready to crash as it had just recovered from a meltdown. Had I listened, I would not be where I am today. If the market tumbles would you not rather hold stock in the fastest growing companies in the world in the fastest growing industry in the world with almost no limit to how far and fast it can grow globally? I imagine that the relatives of those people who decided to sell shares of Coca Cola due to the Great Depression would be much better off if their ancestors had the fortitude to hold onto their shares in a fast growing companies in a new and fast growing industry.
Tyler Burns has been in PR / IR with Canopy for a while. Not sure about the other name.